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davidgonsalvesfx
Jun 11, 2022 6:35 PM

We are in a Premium Level on the M Chart 

British Pound / Japanese YenFOREX.com

Description

What do you guys think? I know its a HTF chart but 4000+ PIPS down, why not?
Comments
BitonGroup
perfect prediction
TWC21
Not sure about it honestly. The Yen is extremely weak and an even weaker choice than the dollar when it comes to fiat. Definitely back to 152-153 as sells right now are the smartest choice according to current price action.
davidgonsalvesfx
@TWC21 I feel you. That’s what I was saying I know it’s going lower as it took liquidity from a high. I know it might be a stretch analyze on the monthly chart for it to go all the way down to the lows I said but trust me it’s going there..
JoeChampion
This might be a good swing trade in a senario of JPY recovery!
OrangeTrader93
How does that make any sense when you take fundamentals into account?
davidgonsalvesfx
@OrangeTrader93 you tell me
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